Theon International (XAMS:THEON) Accounts Receivable : €20.23 Mil (As of Jun. 2022)

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What is Theon International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Theon International's accounts receivables for the quarter that ended in Jun. 2022 was €20.23 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Theon International's Net-Net Working Capital per share for the quarter that ended in Jun. 2022 was €5.75.

Theon International Accounts Receivable Historical Data

The historical data trend for Theon International's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Theon International Accounts Receivable Chart

Theon International Annual Data

Trend

Dec20

Dec21

Accounts Receivable

6.78

15.84

Theon International Quarterly Data
	Dec20	Jun21	Dec21	Jun22
Accounts Receivable	6.78	-	15.84	20.23

Theon International Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Theon International Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Theon International's Days Sales Outstanding for the quarter that ended in Jun. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	20.234	/	0	*	91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Theon International's accounts receivable are only considered to be worth 75% of book value:

Theon International's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2022 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(16.241	+	0.75 * 20.234	+	0.5 * 30.583	-	45.558
-	0	-	0)	/	0.200
=	5.75

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Theon International Accounts Receivable Related Terms

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Theon International (XAMS:THEON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Theon International PLC (XAMS:THEON) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

57, Ioannou Metaxa Street, Koropi, GRC, GR-19441

Website

http://www.theon.com

Theon International Plc is engaged in providing Night Vision and Thermal Imaging Systems for military and security applications. The main product lines of the company include Night Vision Monoculars and Binoculars, Family of Night Vision Sights, Clip-on Night Sights, Night Driver's Viewers, Digital day and night cameras and upgrade kits for armoured vehicles, Thermal Stand-alone and Clip-on uncooled Sights, and Vehicle and Platform based Thermal imaging systems.

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